MANILA, Philippines — Far Eastern University formally accepted the resignation of Glenn Capacio as its head coach on Wednesday and is likely to form a search committee to find a suitable replacement to the one-time Most Valuable Player (MVP) winner.
Capacio announced last Monday that he’s stepping down as FEU coach after his failure to give his alma mater a championship after being swept by No. 2 seed Ateneo in their best-of-three championships.
The Tamaraws emerged as the top seed after topping the elims.
Athletic director Mark Molina issued a statement on Wednesday thanking Capacio for serving the school faithfully for four years where he brought the Tamaraws to three Final Four appearances.
Capacio also acted as assistant coach of the team for two years.
"FEU accepts the resignation of Glenn Capacio as head coach of the FEU Tamaraws," said Molina. "Coach Glenn gave his best to his alma matter the past six years (four as head coach) and we are thankful for this."
Capacio's decision came after he was discharged from the hospital on Sunday. He was rushed there when his blood pressure shot up during halftime of Game 2 against the Ateneo Blue Eagles. In that game, where the Tams lost 65-62, his assistant coaches led by Richie Ticzon and Louie Gonzales took over the chores where they pushed the Eagles to the limit.
Capacio was elevated to the head coaching ranks in 2007 after the school "disbanded" its team following a disappointing 2006 campaign.
For now, Capacio, who won the 1983 UAAP Most Valuable Player, will concentrate on his role as one of the assistant coaches of the Philippine Patriots in the AirAsia ASEAN Basketball League.
Jonas Terrado, Manila Bulletin